Head gasket is blown... pull the head and see if there is any other damage. If you get lucky a good clean and a fresh factory head gasket could have you up and running. Just make sure you change the oil and filter to get as much of the water out as you can before firing it up.

Cheers... jondee86

The reasonable man adapts himself to the world; the unreasonable onepersists in trying to adapt the world to himself. Therefore, all progressdepends on the unreasonable man.